Berkeley Group (OTCMKTS:BKGFY) Trading Up 9.3% – Still a Buy?

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) shares shot up 9.3% on Wednesday . The stock traded as high as $10.35 and last traded at $10.35. 10,406 shares were traded during mid-day trading, a decline of 94% from the average session volume of 168,380 shares. The stock had previously closed at $9.47.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BKGFY shares. Jefferies Financial Group upgraded shares of Berkeley Group to a “buy” rating in a report on Wednesday. Zacks Research lowered Berkeley Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. Finally, The Goldman Sachs Group initiated coverage on Berkeley Group in a report on Monday, November 24th. They set a “sell” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Berkeley Group currently has an average rating of “Moderate Buy”.

Berkeley Group Stock Up 3.4%

The company has a debt-to-equity ratio of 0.19, a current ratio of 3.36 and a quick ratio of 0.61. The business has a 50-day moving average of $10.42 and a 200 day moving average of $10.38.

Berkeley Group Company Profile

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.